Archive

Waiting for the Fed There was a lot of waiting going on ahead of the Federal Reserve’s annual meeting in Jackson Hole. Investors were hoping that Friday’s keynote speech...

What black hole? A common thread before and after the referendum was that the decision to leave the EU would harm Britain’s economy. That line was touted most loudly...

The McCafferty effect Fairly hard on the heels of the Bank of England governor’s threat that Bank Rate could fall even further from its new 0.25% level, one of...

Lower for longer Prior to the EU referendum the general assumption was that the next move for UK interest rates would be upwards, after seven years of a 0.5%...

Panic fatigue In the week following the referendum vote to leave the European Union sterling sank by an average of -9% against the other dozen most actively-traded currencies. Investors...